The Business Times, 8 September 2016

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Microfilm: NL33961
Total Pages: 27
1 28 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes MCI (P) 052/08/2016 S$1.20 CO REGN NO *****2868E Thursday, September 8, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    259 1 Under new eligibility criteria proposed by the Constitutional Commission, individuals who have held the most senior executive positions in at least 691 private-sector companies in Singapore could run for President. TOP STORIES 2 There must be a mechanism that can be triggered if Singapore has not had a
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  • Article
    Lock icon Major changes proposed to elected president system
    1317 1  -  Govt to respond in White Paper on Sept 15; Full debate in parliament after constitutional amendments are tabled By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE report by a group of nine Singaporeans tasked to review the elected presidency system was made public on
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  • Article
    Lock icon Economists cut Q3, Q4 forecasts, but keep 1.8% growth for year
    917 1  -  2017 forecast also cut from 2.1 to 1.8%. China, Brexit, expected Fed rate hike, local property market cited By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore PRIVATE-SECTOR economists have trimmed their forecasts for the Singapore economy for the third and fourth
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  • Article
    Lock icon MARKETS
    28 1 Wednesday Change STI 2,893.65 -2.90 KL COMP 1,689.57 -0.35 NIKKEI 225 17,012.44 -69.54 HANG SENG 23,741.81 -45.87 SHENZHEN B 1,195.77 +8.30 DOW (11.15 am EDT) 18,497.75 -40.37
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      55 1 *****1 *****1 THE BUSINESS TIMES 40TH ANNIVERSARY Jaeger-leCoultre Boutiques 2 Orchard Turn, ION Orchard, #02-08, Tel: +65 6510 2882, Singapore 2 Bayfront Ave,The Shoppes at Marina Bay Sands, #B2M-240, Tel: +65 6688 7003, Singapore Reverso Tribute Calendar watch Eduardo Novillo Astrada, polo Champion, Winner of the Argentine Triple Crown. ppr^T
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      14 1 PRIME SALE 3 freehold apartment blocks in Districts 9 and 10 REAL ESTATE 12
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      31 1 LARGEST HUB S’pore could be largest commodity trading hub in 10 years energy commodities /18 CMT New Funan to come with a magical touch COMPANIES MARKETS 6 More reports, Page 2
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  • TOP STORIES
    • Article, Illustration
      Lock icon Threshold increased for candidates from private sector
      755 2  -  Presidential hopefuls must have held most senior executive position in a company with shareholders’ equity of at least S$500m ELECTED PRESIDENCY By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore UNDER new eligibility criteria proposed by the Constitutional Commission, individuals who have held the most senior
      Source: Report submitted by the Constitutional Commission reviewing the Elected Presidency  -  755 words
    • Article, Illustration
      Lock icon ‘Reserved’ elections to guarantee a minority president
      786 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THERE must be a mechanism that can be triggered if Singapore has not had a minority president after five consecutive full terms, said the constitutional commission set up to review the elected presidency in its report. As
      PHOTOS: ST DIGITAL, REUTERS  -  786 words
    • Article
      Lock icon Commission calls for bigger CPA – 8 members, up from 6
      673 2  - Commission calls for bigger CPA 8 members, up from 6 It also proposes calibrated thresholds for Parliamentary overrides of a Presidential veto By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE Council of Presidential Advisers (CPA) should be bumped up from six to eight members, with the Prime Minister and the President
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    • Article
      Lock icon Small-car premium softens in weak market
      416 3  -  By Samuel Ee samuelee@sph.com.sg Singapore CERTIFICATE of entitlement (COE) premiums were mixed after the first bidding exercise in September, with the relatively sharp rise of S$ 1,800 in the commercial-vehicle category standing out. The change in Category A, which is for cars below 1,600
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    • Article
      Lock icon Wiping out mozzies – using paint
      448 3  - Wiping out mozzies using paint Kansai’s ALES Anti-MosQ paint with insecticide purportedly repels mosquitoes and other insects By Renald Yeo yrenald@sph.com.sg Singapore WITH Zika woes hammering the nation and dengue cases buzzing steadily, mosquito repellent and insecticide products have been flying off the shelves in Singapore stores. Japan-based paint manufacturer
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    • Article, Illustration
      Lock icon China sneaks up on US in Asean economic ties
      734 4  -  Asean and China issue statement on cooperation in production capacity; RCEP is viable alternative to TPP ASEAN SUMMIT By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Vientiane, Laos CHINA managed to strengthen economic ties with the 10 Asean member states on Wednesday, while the
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    • Article
      Lock icon Asean and China reach consensus on some South China Sea issues
      571 4  -  Protocols for unplanned encounters and hotline communications between senior diplomats agreed on By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Vientiane, Laos CONSENSUS has been reached between Asean and China on some key issues on the South China Sea, although official statements
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    • Article
      Lock icon Enhancing ties
      57 4 Vientiane, Laos SINGAPORE Prime Minister Lee Hsien Loong met his New Zealand counterpart John Key on Wednesday afternoon and agreed to enhance bilateral ties. The two countries will discuss this in detail at the Singapore-New Zealand Strategic Dialogue later this year. Both leaders are currently in Vientiane, Laos,
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    • Article
      Lock icon Asean must unite against terrorism as it evolves: PM Lee
      410 4  -  He cites increased cadence of attacks, linking up of terrorist groups and increasing self-radicalisation By soonwl@sph.com.sg Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Vientiane, Laos TERRORISM is taking on new forms, and Asean member states must work together to combat this threat, said
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      405 3 Wmv mm m i a V VBritish High Commission Singapore Christopher Pook Regional Director, SE Asia (Trade, Investment and Prosperity) SEMINAR: 2PM BRITAIN AFTER THE REFERENDUM Trade and Investment UK POSTBREXIT London Property Market Insights (®JLL Adam Challis Head of Residential Research (UK) i Chrisse Olayres Head of Activities Events,
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      161 4 The Business Times Showtime Productions present a night of jazz in collaboration with Esplanade Theatres on the Bay Jazzy Business September 30, 2016 Friday, 8pm Esplanade Concert Hall Celebrates BT’s 40th birthday and Cultural Medallion recipient Jeremy Monteiro’s 40th year in showbiz with a programme that includes Grammy-winning jazz guitarist
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      32 4 4 Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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  • COMPANIES & MARKETS
    • Article
      Lock icon More Reits likely to tap equities as unit prices go up
      1085 5  -  HOCK LOCK SIEW BY LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT MORE equity fund-rais-ings could be in the offing for real estate investment trusts (Reits), given their 9 per cent unit price run-up from late June till now. Already, since July, three
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    • Article
      Lock icon Smaller developers may face liquidity squeeze: S&P
      709 5  -  But overall sector remains resilient, with bonds maturing in next 24 months mainly from larger developers By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore WITH Singapore’s real estate sector forming the lion’s share of outstanding domestic bond issuance, scrutiny of the sector is intensifying following
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    • Article, Illustration
      Lock icon New Funan to come with a magic touch
      688 6  -  From online to on-the-go, the development will even allow cycling through the building By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE new Funan mall when ready in the fourth quarter of 2019 will be a platform that “inspires retail innovation” and offers a
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    • Article
      Lock icon Plan to take China Minzhong private comes with pre-conditions
      433 6  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE plan by Marvellous Glory Holdings, a special vehicle led by Anthoni Salim, to take mainboard-listed vegetable processor China Minzhong Food Corporation (CMZ) private at S$ 1.20 a share comes with two pre-conditions. The first
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    • Article
      Lock icon Zico expanding into corporate finance, seeks to become Catalist sponsor
      397 6  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore CATALIST-listed professional services firm Zico Holdings is expanding into corporate finance, with an eye to bringing in South-east Asian companies from outside Singapore to list here and becoming a Catalist sponsor itself. The group,
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    • CORPORATE DIGEST
      • Article
        Lock icon Rowsley
        84 6 ROWSLEY on Wednesday said it is looking to expand its hospitality business in the Asia-Pacific with its planned acquisition of hotel management and consultancy firm Ariva for up to S$10.6 million. Ariva has more than 6,500 room keys under management and in the pipeline, spread over 47 properties across
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      • Article
        Lock icon Pacific Radiance
        104 6 PACIFIC Radiance on Wednesday said its unit Pacific Crest has entered into a settlement agreement on Sept 6 with shipyards Shanghai Waigaoqiao Shipbuilding Offshore, and China Shipbuilding Trading (Shanghai). Earlier in June, the offshore vessel owner had issued notices for arbitration in Hong Kong against the two Chinese
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      • Article
        Lock icon Marco Polo Marine
        89 6 MARCO Polo Marine on Wednesday said it has appointed KPMG Services as adviser to the group to conduct an independent business review, in view of the upcoming maturity date of its notes on Oct 18. These are its Series 001 S$50 million 5.75 per cent fixed rate
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    • Article
      Lock icon Analyse leverage of commodity trading firms individually: finance prof
      520 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore NOT all debt is equal especially in commodity trading firms. The industry is, in general, a highly geared one, and every company’s asset and liability structure should be analysed individually, according to commodity trading market
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    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist Straits Times Index Sept 7, 2016 2,893.65 -2.90 (-0.10%) Current streak 1 day Day high 2,911.84 Day low 2,887.06 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Sept 7,2016 438.14 +0.76 (+0.17%) Current streak 3 days Day high 439.34 Day
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    • Article, Illustration
      Lock icon STI inches lower, ending 2 days of gains
      605 8  -  US rate hike in September cannot be ruled out yet, although most expect the tightening to happen in December STOCKS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT SHARES on the local bourse let up their past two days of rousing gains to end Wednesday’s
      Source: Bloomberg  -  605 words
    • Article
      Lock icon STI STOCKS
      302 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 250 unch 252/248 257 209 6.1 6948.1 CapitaCom Trust 161 -2 164/160.5 164 127 5.4 4761.4 CapitaLand 319 -4 324/317 340 267 12.8 2.8 *****.9 CapitaMall Trust 218 -1 220/216 225 185
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Noble 332,705,100 Vallianz 127,364,600 Cedar Strategic 51,843,900 QT Vascular 50,288,100 Spackman 40,234,600 Market volume 1,567,652,000 VALUE DBS Grp 89,194,502 UOB 69,025,222 Singtel 63,204,965 Noble 46,345,850 OCBC Bank 32,550,041 Market value 963,066,000
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    • Article
      Lock icon SGX ETFS
      109 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US753 -2 272 758/751 772/575 753/757 94.1 STI ETF 293 -2 271 295/293 314/254 293/295 ABF SG Bond ETF 119.5 +0.5 49 119.5/119.5 119.9/112.1 118/119.5 545.5 Lyxor Korea US$ US532 +9 48
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Sep 7 VALUE CLOSE BT OB/OS -53.00 -77.00 BT CADI -*****.00 +9.00 BT 10-day MA -*****.00 -5.00 FTSE ST Mid Cap 693.95 -0.77 FTSE ST Small Cap 384.75 +1.05 FTSE ST All Share 710.30 -0.96 FTSE ST China Top 160.54 -0.22 FTSE ST China 194.34 +0.22 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share FTSE ST All-Share index Sept 7, 2016 710.30 -0.96 (-0.13%) Current streak 1 day Day high 714.67 Day low 708.64 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)
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      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Sept 6,2016 1,729.51 +13.33 (+0.78%) Current streak 4 days Day high 1,732.82 Day low 1,716.01 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 5 0 1 0 6 6 5 Manufacturing 37 28 25 6 8 12 43 36 37 Commerce 16 21 10 2 2 5 18 23 15 Tpt/Stor/Comms 7 15 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,334 100 16,434 59,589 17 59,606 Manufacturing 68,143 117,739 185,882 87,917 4,507 92,424 Commerce 361,075 136,345 497,420 108,527 2,634 111,161 Tpt/Stor/Comms 78,953 2,543 81,496 136,757 256 137,013 Finance 23,878 70 23,948 217,876 11 217,887 Construction
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE China Minzhong 6,650.3 1.135 +0.175 +18.23 Suntar Eco-City 71.0 0.145 -0.020 -12.12 Brook Crompton 14.5 0.415 +0.105 +33.87 Acesian Partners 1,223.4 0.030 +0.003 +11.11 Cedar Strategic 51,843.9 0.003 +0.001 +50.00 Luxking 5.0 0.350 -0.050 -12.50 Nobel Design 1,317.0 0.405 +0.025 +6.58 SUTL Enterprise 854.1 0.560
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low DBXT Nifty50 ETF10 ***** 305.8 1.7 *****/***** GLD US$ ***** 255.9 1.5 *****/***** SPDR S&P500 US$ ***** 140.1 0.5 *****/***** DBXT STGLDv US$ 3165 91.6 2.2 3384/2731 DBXT MSKorea US$ 6039 84.9 1.1 6041/4629 BY PERCENTAGE CLOSE UP 52w high/low Cedar Strategic 0.3
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    • Article
      Lock icon LOSERS
      72 8 BY CENTS CLOSE DOWN 52w high/low DBXT ASX200 US$ 3574 -63.3 -1.3 3621/2900 JSH USD 3320 -39.1 -0.9 3417/2524 JMH USD 6250 -28.3 -0.3 6371/4500 Best World 163.5 -24.0 -12.8 163.5/14.4 SIA 1067 -18.0 -1.7 1167/986 BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.1 -66.7 -0.2 0.7/0.1 Blumont 0.1
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore banks | Negative
        158 8 Singapore banks Negative Maybank Kim Eng Research, Sept 7 Tailwinds for the sector after the global financial crisis may have petered out. A structural return on equity (ROE) downshift may be in the works. The six smoking guns we see are: sluggish loan volume, pricing pressures, reduced headroom for loan-deposit
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      • Article
        Lock icon City Developments | Buy
        125 8 City Developments Buy Target price: S$9.86 Sept 7 close: S$9.06 OCBC Investment Research, Sept 7 City Developments (CityDev) announced it will invest 100 million yuan (S$20.4 million) for a 20 per cent stake in mamahome, a Chinese online apartment rental platform. The online apartment platform currently has more than 100,000
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      • Article
        Lock icon Singapore Airlines | Sell
        161 8  - Singapore Airlines Sell Compiled by Jamie Lee Target price: S$9.99 Sept 7 close: S$10.67 Citi Research, Sept 6 We have slashed our estimates significantly this year and next, and are now 5-12 per cent below FY17/18 consensus. While we like the reintroduction of the non-stop San Francisco route this October,
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    • Article
      Lock icon CALENDAR
      9 8 DATA I Sept 8 US initial jobless claims
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    • Article
      Lock icon US$ weaker against yen as US data quash rate hike bets
      448 9 CURRENCIES REUTERS London THE dollar fell to its lowest in more than a week against the yen on Wednesday as subdued US data made an interest rate increase this month unlikely and drove investors to cut favourable bets in
      REUTERS  -  448 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Sep 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.984 5.105 0.681 5.941 50.847 100.212 0.778 8.365 3.113 1.029 80.028 35.752 1.032 10.719 0.743 23.934 26.488 0.571 0.766 Canada 1.016 5.188
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Sep 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0316 1.0325 0.7659 0.7661 Canadian dollar 1.0483 1.0494 0.7787 0.7783 Euro 1.5145 1.5155 1.1244 1.1245 NZ dollar 1.0025 1.0034 0.7443 0.7445 Sterling pound 1.8055 1.8071 1.3405 1.3409
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Sep 7 S$ Bid Offer 1-month 1.3464 1.3476 2-months 1.3463 1.3474 3-months 1.3463 1.3473 6-months 1.3458 1.3475 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        205 9 Most active Sep 7 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 14.1 1 8956 0.1 1550 5 DBS VT eCW*****3 15.4 3450 0.1 1508 5 UOB MB eCW*****1 10.8 0.2 2727 0.1 1880 5 OCBC
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Sep 6 Index Change Change Change Change Change Change World Preliminary 1316.7 -0.1 3.0 -0.4 -0.4 0.3 4.8 EAFE Preliminary 983.5 -0.2 -3.0 0.1 -4.3 0.8 0.8 Europe Preliminary 1408.8 -0.4 -0.3
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        402 9 Sep 7 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep16 9860.00 9905.00 9842.50 9845.00 *****4 *****4 Oct16 9887.50 9925.00 9872.50 9872.50 2709 8419 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 *****3 *****3 Dec16 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN
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    • AGRI METALS ENERGY
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        Lock icon COMMODITY FUTURES
        250 9 Sep-6 Price Net change change Last Trade Agricultural Sep-6 CBOT Soybeans (US cents/bu) 974.25 5.75 0.59% 14/09/2016 CBOT Soybean Oil (US cents/lb) 32.76 0.10 0.31% 14/09/2016 CBOT Wheat (US cents/bu) 371.00 -2.25 -0.60% 14/09/2016 Sep-6 LIFFE Cocoa (£/tonne) 2277.00 -11.00 -0.48% 15/09/2016 LIFFE Coffee (US$/tonne) 1867.00 12.00 0.65%
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Sep 7 $S Offer Bid 0vernight 0.02 Par 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.07 US$ Offer Bid 7 days 0.55 0.45 1 month 0.60 0.50 2 months 0.80 0.60 3 months 0.90 0.70 6 months 1.25 1.05 9 months 1.45 1.25 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        61 9 Sep 7 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.36 5-Year NX*****X 2.250 01-Jun-21 104.89 105.03 104.86 10-Year NX*****F 2.125 01-Jun-26 104.02 104.35 104.15 15-Year NZ*****F 2.875 01-Sep-30 110.99 20-Year NZ*****X 2.250 01-Aug-36 103.26 30-Year NA*****H 2.750 01-Mar-46
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    • Article
      Lock icon Rickmers major lenders back debt refinancing plan
      955 10  -  Bank syndicate led by HSH Nordbank extends US$260.2 million new facility on condition medium-term notes will be restructured By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE major bank lenders of Rickmers Maritime have extended an offer to refinance most of the trust’s outstanding
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    • Article, Illustration
      Lock icon Improving lives, saving the Earth
      911 10  -  Sassax was started by two friends to make a difference. BY J LOSSINI btnews@sph.com.sg A COUPLE of years back, childhood friends Ronnie See and Cheang Tsu-fei were deliberating over starting a new business together. Last year, their dreams were realised. And so began the story
      PHOTO: ARTHUR LEE  -  911 words
    • Article, Illustration
      Lock icon Innovfusion personalises pain relief for childbirth
      857 10  -  By Nur Sabrina Azmi btnews@sph.com.sg LOCAL medical technology company Innovfusion has created an effective way to manage labour pain. Epiva, the pump they created, in collaboration with KK Women's and Children’s Hospital (KKH), matches the amount of epidural analgesia administered to the demand of
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    • Article
      Lock icon SGX MAINBOARD
      1761 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 141.5 +1.5 767 142 140 0.9 8 901.8 Div 144 101 ARA Asset Mgmt 139.5 +2 366 140
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    • Article
      Lock icon SGX CATALIST
      328 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day LOW 5 1.7 t Acesian Partners 3 +0.3 1223 3.5 2.8 4.1 11.2 GrYld Net 45 29.5 t Advancer Global 44cd +1 2983 45 43.5 17.5 76.2 High
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    • Article
      Lock icon SGX ETF
      136 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 905 700 CIMBASEAN40 US$ US885 +5 30 885 885 138.8 3231 2355 DBXT China50 US$ US3231 +5 6 3231 3216 8.9 391 190 DBXT MSBrazil US$ US388 +12
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  • Page 5 Advertisements
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      353 5 Learn about prevention, detection and treatment for heart related diseases and stroke from Dr Michael Lim, internationally reowned interventional cardiologist and also a regular contributor of health related articles in The Business Times every fortnightly. Learn about sleeping disorder, snoring, fatigue, and sinus problems from Dr Dennis Chua, Ear, Nose
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      Lock icon Page 6 Advertisements Column 1
      161 6 hKTDC fllii Messe Miinchen http://electronicasia.com n n ,0 9 r COMPONENTS ASSEMBLIES PRODUCTION DISPLAY TECHNOLOGY SOLAR PHOTOVOLTAIC electronic Asia 2016 20 th Edition 13-16 October 2016 Hong Kong Convention and Exhibition Centre In conjunction with HKTDC Hong Kong Electronics Fair (Autumn Edition) Real Business through Global Marketplace Nearly 600 exhibitors
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      445 7 FREE ADMISSION! SINGAPORE’S BIGGEST I.T. AND CONSUMER ELECTRONICS EXHIBITION comex and get CASH VOUCHERS to spend at COMEX! 8-11 SEP 2016 SUNTEC SINGAPORE L3 11AM 9PM DAILY L4 L6 12 9PM DAILY 1 LAPTOPS, TVS (LED or LCD > 18.5inch), TABLETS, SMARTPHONES, PCs AND MONITORS (> 18.5inch), GAMING CONSOLES AND
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  • Page 10 Advertisements
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      82 10 STAND OUT IN YOUR FIELD These companies are among the 16 finalists of the Emerging Enterprise Award 2016. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2016 recognises promising enterprises and startups which are up to 10 years old and have an annual turnover of
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      106 11 Live Trading Mondays Learn the ropes of active trading from a professional trader at SGX Academy! Date 17 October 2016 Venue SGX Centre 1, Auditorium Time 9am 11.30 am p-ice change For more information, visit sgx.com/academy Singapore Exchange 172.55 29.51 a+i 42.03 23.16 37.24 20.19 18.04 t-1 34.33 y p
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Trust mulls sale of three prime-area apartment blocks
      839 12  -  in districts 9 and 10, they are 120 Grange Road, Cuscaden Mansions and 8 Hullet Road By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A BUNDLE of three smallish freehold apartment developments in prime districts 9 and 10 may be put on the market
      PHOTOS: AIDAN LOO  -  839 words
    • Article, Illustration
      Lock icon Keppel Land in JV to develop offices, residences in Yangon
      437 13  -  Keppel Land’s investment in phase two of Junction City will be about US$48.6 million; construction to start in 2018 By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore KEPPEL Land on Wednesday said that it has signed a conditional joint venture agreement with
      437 words
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      Lock icon House hunt
      1479 13 Property transactions for districts 1 to 19 with contract dates between July 27 and Aug 2,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 28/07/2016 99 1981 5400 2726 District 3 NON-LANDED Commonwealth
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      Lock icon More can be done to reduce building emissions: minister
      447 13  -  By Renald Yeo yrenald@sph.com.sg Singapore SINGAPORE has made “good progress” with its green building efforts, but there is still “much more” that can be done, National Development Minister Lawrence Wong said on Wednesday. This is especially pertinent given Singapore’s commitment to
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      522 12 LOCATION! LOCATION! LOCATION! i "m fi *T .1 juimui. m inniBilliR Ham Illl .•Ill I ILLUMINANCE CLARITY WISDOM at 737 Mountbatten Road A cluster of 4 individual bungalows built in the old colonial black and white style, but with very modern conveniences. The houses have been built to a high
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      398 12 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices Freehold Commercial Building Along Orchard Road Substantial Shareholding ForSaleByEOI,Closing30-September2016 Type: 25 Storey Mixed Development Buildings (Retail: 21 Titles Office: 38 Titles) Tenure: Freehold Zoned: Front Tower: Commercial Rear Tower: Commercial Residential
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  • BANKING & FINANCE
  • Page 16 Advertisements
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      3100 16 TEE LAND TEE LAND LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0851R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of TEE LAND LIMITED (the “Company") will be held at Albizia Room, Level 2, Jurong Country Club, 9 Science Centre Road,
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon BHP vs Rio hinges on investors’ commodity choice
      1237 18 BHP Billiton more exposed to oil and coking coal, while Rio Tinto’s iron ore business yields higher profit margins REUTERS London THE backgrounds of the leaders of the world’s top mining companies illustrate the choice facing investors, with BHP Billiton’s chief executive
      REUTERS; PHOTO: AFP  -  1,237 words
    • Article
      Lock icon S’pore could be largest commodity trading hub in the world: IE Singapore
      578 18  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE could become the largest commodity trading hub in the world within a decade as the commodity markets in Asia grow, according to IE Singapore. Speaking at the Asia Pacific Petroleum Conference
      578 words
    • Article
      Lock icon Record Australian iron exports suggest drop in prices
      306 18 BLOOMBERG Singapore IRON ore shipments from the world’s largest bulk-export terminal in Australia swelled to a record, offering fresh evidence of strong supply and underpinning forecasts of lower prices through the year-end. Exports from Port Hedland totalled 42.9 million tonnes in August
      BLOOMBERG  -  306 words
  • Page 18 Advertisements
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      407 18 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices In the Eastern Caribbean Supreme Court In the High Court of Justice Virgin Islands Commercial Division Claim No. BVIHC (COM) 2016 0082 IN THE MATTER OF THE INSOLVENCY ACT, 2003 AND IN THE MATTER OF JOLLY ASIA HOLDINGS LTD NOTICE NOTICE
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      492 18 In the Matter of The Companies Act, Cap. 50 And In the Matter of JAPAN CORE EBISU PRIVATE LIMITED (Co. Reg. No.: *****0225K) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 230 Victoria Street #12-08 Bugis Junction, Singapore *****4 on
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  • Page 19 Advertisements
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      507 19 FORAGE INTO THE WORLD OF DIGITAL Who should attend: Business Owners, Entrepreneurs, Senior and Middle Management, PMETs, Marketing and Sales Professionals EXCLUSIVE HOT S E P 1 6 22THURSDAY SPH News Centre 1.30pm to 5.00pm GAINING AN INSIGHT INTO DIGITAL NEWSROOM FOR THAT BETTER STORY PITCH What you will learn:
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Vietnam’s Silicon Valley sparks startup boom
      839 20 Its tech sector has technopreneurs from abroad, but it also has homegrown talents. Some observers warn the sector’s growth could come in fits and starts AFP Ho Chi Minh City RECENT Vietnamese graduate looking for an English-language teacher? There’s an app for that. Or
      AFP; PHOTO: AFP  -  839 words
    • Article, Illustration
      Lock icon LG unveils flagship V20 phone on eve of expected new iPhone launch
      445 20 AFP San Francisco SOUTH Korean consumer electronics titan LG unveiled a flagship V20 smartphone aimed at Internet age “storytellers” on the eve of an Apple event expected to star a new iPhone. LG introduced the V20 in San
      AFP; PHOTO: AFP  -  445 words
    • Article
      Lock icon Canadian tech firms reaping benefits as non-energy export picture brightens
      406 20 REUTERS Toronto SMALLER Canadian technology companies making products like robotics, drones and high-tech thermostats are proving to be some of the biggest winners as the country’s recently struggling non-commodity export sector shows signs of revival. Data released last week showed
      REUTERS  -  406 words
  • Page 20 Advertisements
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      68 20 1 ft V 5 I Singapore?^ INTERNATIONAL INDIAN EXP***** (^fndia CQme& tcb wcm SUNTEC CONVENTION EXHIBITION CENTRE, HALL: 401 402 22nd 25th SEPTEMBER 2016,10AM TO 10PM EXHIBITION HIGHLIGHTS JiW ***** OVER EXHIBITORS CULTURAL ACTIVITIES FOR ENQUIRIES CONTACT *****112 *****219 visit: www.siiexpo.com I www.facebook.com/SIIExpo/ One man’s junk is another man’s treasure
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  • CONSUMER
    • Article, Illustration
      Lock icon Reliance Jio’s free service sparks mobile wars in India
      845 21 It is offering free service for rest of 2016 for its 4G network; rivals slash prices by up to 80% AFP Mumbai OUTSIDE a tiny Reliance store in a trendy Mumbai neighbourhood, residents queued for hours this week for a new
      AFP; PHOTO: BLOOMBERG  -  845 words
    • Article
      Lock icon Drug lobby group starts ad campaign to defend pricing
      566 21 BLOOMBERG San Francisco A TOP pharmaceutical lobbying group is launching an ad campaign to defend drugmakers that have been under fire for their pricing practices. “We’re under pressure and scrutiny like never before,” said Jim Greenwood, chief executive officer of the
      BLOOMBERG  -  566 words
    • Article, Illustration
      Lock icon BuzzFeed’s elevation of entertainment unsettles its newsroom
      1005 21 NYT New York STAFF meetings at BuzzFeed are not uncommon. Jonah Peretti, the site’s founder and chief executive, who is based in Los Angeles, travels to the New York offices regularly and often meets with employees to answer questions or outline strategy. But
      NYT; PHOTO: NYT  -  1,005 words
    • Article
      Lock icon Demand for coveted student items boosting US back-to-school spending
      523 21 REUTERS Bengaluru ALONG with the perennial run on leggings, students returning to America’s classrooms this year are making a beeline for retro sneakers, “cold-shoulder” tops, versatile laptops and USB drives. Demand for those hot-ticket items is helping to push back-to-school spending
      REUTERS  -  523 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Brexit expected to dampen ECB outlook
      944 22 Economists predict that downside risks will force the ECB to extend quantitative easing BLOOMBERG Frankfurt MARIO Draghi had a chance to upgrade the European Central Bank’s (ECB) economic outlook. Then “Brexit” probably took it away. When the ECB president lays out fresh growth and
      BLOOMBERG  -  944 words
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      Lock icon Malaysia holds key rate, sees steady growth track ahead
      471 22 REUTERS Kuala Lumpur MALAYSIA’S central bank, expressing optimism that the country will stay on a steady growth path through 2017, kept its key interest rate at 3.00 percent on Wednesday, as expected. Bank Negara Malaysia (BNM) said there is sufficient activity
      REUTERS; PHOTO: AFP  -  471 words
    • Article
      Lock icon EU seeks fast broadband roll-out with telecoms reform
      484 22 REUTERS Brussels THE European Union aims to spur the roll-out of fast broadband across the 28-nation bloc by relaxing rules that force telecom companies to open up their networks to competitors. Under planned reforms of the sector, national telecoms regulators will be
      REUTERS  -  484 words
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      Lock icon India to push for WTO trade facilitation deal in services
      305 22 REUTERS New Delhi INDIA will present proposals to the World Trade Organization on ways to ease trade in services, Commerce Minister Nirmala Sitharaman said on Wednesday, as Asia’s third-largest economy seeks to leverage one of its competitive strengths. India cleared
      REUTERS  -  305 words
    • Article
      Lock icon Australia’s economy toasts 25 years without recession
      596 23 Its surging Q2 exports more than made up for a patchy performance at home with declining mining investment REUTERS Sydney AUSTRALIA’S resource-rich economy expanded at its fastest annual pace in four years last quarter, clinching a remarkable run of 25 years without recession
      REUTERS  -  596 words
    • Article
      Lock icon Saudi Arabia may cancel US$20b of projects
      441 23 BLOOMBERG Dubai SAUDI Arabia is intensifying efforts to shrink the highest budget deficit among the world’s biggest 20 economies, aiming to cancel more than US$20 billion of projects and slash ministry budgets by a quarter, people familiar with the matter said. The government
      BLOOMBERG  -  441 words
    • Article
      Lock icon Ex-premier Koizumi accuses Abe of lying about safety of Fukushima nuclear plant
      697 23  -  By Anthony Rowley btworld@sph.com.sg Tokyo FORMER Japanese prime minister Junichiro Koizumi on Wednesday launched a strong attack on the country’s continuing use of nuclear power, and claimed that current Prime Minister Shinzo Abe had “lied” in giving assurances
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  • Page 22 Advertisements
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      25 22 Be a smart investor with tips from $how Me The Money $how Me The Money Book 4 is now available at leading bookstores and www.stpressbooks.com.sg
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      84 22 L A«GE ST (kS\*’ s J0W iorvi y-8 i i BOOK YOUR SPACE NOW! Reach out to parents ages 25 45 years old with children ages 3-12 years old at SmartKids Asia. Promote your brand, products and services at Asia's Largest Educational Kids' Fair, established since 2012! CONTACT US NOW!
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      35 22 HERITAGE CHAMPS The organisations which help keep traditional Indian art forms alive in Singapore Anita Dongre’s designs are hot after getting royal recognition GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • TRANSPORT
    • Article, Illustration
      Lock icon Renault sees diesel disappearing from most of its European cars
      1102 24 Tougher standards and testing methods will increase technology costs to the point where diesel is forced out of the market REUTERS Paris RENAULT expects diesel engines to disappear from most of its European cars, company sources told Reuters, after the
      REUTERS; PHOTO: REUTERS  -  1,102 words
    • Article
      Lock icon Airbus deliveries back on track after record surge in August
      215 24 REUTERS Paris A SURGE in Airbus jet deliveries in August has put the European planemaker back on course to meet an annual target which had been threatened by delays in parts supplies, but analysts warned that it could ill afford
      REUTERS  -  215 words
    • Article
      Lock icon IBIA finalises bunker surveyor SOP
      486 24  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE International Bunker Industry Association (IBIA) has finalised a standard operating procedure (SOP) spelling out the role of bunker surveyors in overseeing bunker deliveries involving mass flow meters (MFMs) in Singapore. Singapore is on track to impose the
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  • Page 24 Advertisements
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      392 24 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO TRADE RATE RESTORATION The following Feeder Operators wish to inform the trade that they will be implementing a Rate Restoration as follows. This is necessary to restore rates to more sustainable levels and to enable Members to maintain the level of services demanded
      392 words
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      17 24 9 处在哪 Virgo babies! 3 things to look out for in the month of September!
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      25 24 One man’s junk is another man’s treasure Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • Page 25 Advertisements
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      919 25 Open yard storage of 16,000sqm Unstuffing/Stuffing Inland Transportation Solutions Painting Engineering Works Providing a one-stop solution for all your logistics needs Call 8121 0966 or email 2WASSINEPCOperation@2wglobal.com for more details FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA I 14/16 12/09 14/09 BELITUNG/PKL BALAM
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  • OPINION
    • Article
      Lock icon Asean must join Singapore in fighting spread of Zika virus
      596 26 EDITORIAL ONE joke making the rounds recently on social media listed the prime targets of the governments of various countries: the US is out to nab terrorists, Europe wants to catch illegal immigrants, China is going after corrupt officials, Indonesia
      596 words
    • Article
      Lock icon Britain after Brexit: UK forecasters have got it wrong
      728 26  -  THE BOTTOM LINE By Brian Reading TThe writer was an economic adviser to Prime Minister Edward Heath and is a member of the Official Monetary and Financial Institutions Forum advisory board London IN early June, the average forecast for UK gross
      728 words
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      Lock icon Harnessing the power of diaspora diplomacy
      1071 26  -  The US government uses its immigrant populations as cultural ambassadors back in their home countries; these immigrants in turn lobby Washington for their causes. BY HARISH ME BY HARISH MEHTA T The writer, a former BT Indochina correspondent, has taught the history of American
      PHOTO: AFP  -  1,071 words
    • Article
      Lock icon Tyres can be data-driven too
      542 27  -  COMMENTARY By Hara Hideo TThe writer is senior fellow, corporate planning division, at Bridgestone THE subject of data is one that’s often been consigned to the digital world and it is something that you might rarely associate with the very physical world of tyres. However
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    • Article, Illustration
      Lock icon Opec had better cap output this time
      1074 27  -  Higher prices should be good for producers and for global inflation expectations. BY G PANICKER T The writer is a former BT journalist with a particular focus on energy and climate-change issues IS Opec (Organization of the Petroleum Exporting Countries) finally gearing to
      PHOTO: BLOOMBERG  -  1,074 words
    • Article, Illustration
      Lock icon A comprehensive, multi-disciplinary book on the Sijori region
      1192 27  -  BOOK REVIEW Review by Linda Low T The reviewer is a faculty member of a local business school WHILE studying the Sijori region (comprising Singapore, Johor, and the Riau Islands) may seem like a simple task, this 18-chapter and 481-page tome is
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Bangkok’s plastic waste scourge
      686 28 Debris is clogging up the city’s drainage system and severely hampering efforts to to fight off floods especially during the monsoon months AFP Bangkok A LINE of prisoners emerges from Bangkok’s sewers covered in a thick film of slime and hauling buckets of sludge frontline troops
      AFP; PHOTO: AFP  -  686 words
    • Article
      Lock icon Asia’s top film festival to go ahead despite boycott threat
      434 28 AFP Seoul ASIA’S top film festival will go ahead next month despite a threatened boycott by some local moviemakers seeking guarantees of artistic freedom, its head said on Tuesday. Kim Dong-Ho, chairman of the Busan International Film Festival (BIFF), urged
      AFP  -  434 words
    • Article, Illustration
      Lock icon Poetic French tale adapted from Maupassant captivates Venice festival
      438 28 AFP Venice THE beautifully crafted Une Vie (A Woman’s Life) by French director Stephane Brize about the tormented life of a baroness seduced the Venice Film Festival on Tuesday, as it entered the race for the coveted Golden Lion. Brize whose
      AFP; PHOTO: REUTERS  -  438 words
    • Article, Illustration
      Lock icon Web TV out to boost youth interest in African farming
      720 28 AFP Ouagadougou (Burkina Faso) WITH the logo of his Internet TV station on his black T-shirt, Inoussa Maiga energetically plucks corn stalks in northern Burkina Faso for a programme on farming in Africa. Mr Maiga, 30, launched Agribusiness TV in
      AFP; PHOTO: AFP  -  720 words
  • Page 28 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 Miscellaneous Column 1
      363 28 CRYPTIC CROSSWORD Across 1 District hospital to the east of capital (6) 5 Primate could give bishop a blessing (6) 10 Range fashionable once more (5) 11 Brute, Scotsman, perhaps behind bars (9) 12 Doctor’s client, long-suffering (7) 13 What may help some sporty types to get up? (3,4) 14
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